Quizalize logo
placeholder image to represent content

IB - Chapter 3 & 4 Test

Quiz by Leverich, Stephani

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
21 questions
Show answers
  • Q1
    Everyone in our economy has three economic roles to perform.
    True
    False
    30s
  • Q2
    Supply means the quantity of a product or service that businesses are willing and able to provide at a particular price.
    False
    True
    30s
  • Q3
    Demand means the quantity of products and services that consumers are willing and able to buy at a particular price.
    False
    True
    30s
  • Q4
    The consumer role, making decisions about what to buy, is performed only by individuals and businesses.
    False
    True
    30s
  • Q5
    Demand and supply interact to determine what price is charged for a good or service.
    True
    False
    30s
  • Q6
    Competition affects prices but does not have any other effects.
    False
    True
    30s
  • Q7
    Competition helps keep prices at a reasonable level.
    True
    False
    30s
  • Q8
    When you pay your taxes, you are performing your citizen role.
    True
    False
    30s
  • Q9
    When the economy slows down, it enters a phase of the business cycle known as prosperity.
    False
    True
    30s
  • Q10
    The total dollar value of all final goods and services produced in a country during one year is called the Gross Domestic Product (GDP).
    False
    True
    30s
  • Q11
    Recovery in the business cycle occurs after a period of inflation.
    True
    False
    30s
  • Q12
    Which of the following is NOT one of the economic roles performed in our economy?
    leader
    citizen
    consumer
    worker
    30s
  • Q13
    The factor that helps to keep prices at a reasonable level is
    government regulations
    profit motive
    kind-hearted people
    competition among businesses
    30s
  • Q14
    Which is true about the business cycle?
    there is a pattern of good time to bad times and back again
    there are recurring ups and downs
    All of the choices
    it has 4 phases
    30s
  • Q15
    Which of the following is NOT true about inflation?
    it is ONE problem the U.S. hasn't had to worry about
    most people think inflation is harmful
    a sustained increase int he general level of prices
    prices of goods and services rise faster than wages
    30s

Teachers give this quiz to your class